Quiz 1: Bookkeeping Basics Quiz

Test your knowledge of bookkeeping with our online bookkeeping basics quiz. If you need a refresher course on this topic you can view our bookkeeping basics tutorials here.

We have a full glossary of Bookkeeping and Accounting Terms, but can you identify the terms in our quiz.

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1. Bookkeeping is used to record the transactions of which entity ?
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2. What do we call the exchange of goods and services?
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3. What is to term used to describe the recording of a transaction in the accounting records using debits and credits?
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4. What is the left side of a transaction which records something coming into the business called?
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5. What is the right side of a transaction which records something going out of the business called?
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6. Accounting records are made up of individual what?
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7. Which of these is not a Financial Statement?
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8. The length of time over which a set of financial statements is produced is called what?
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Quiz 1: Bookkeeping Basics Quiz December 14th, 2016Team

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